Keever & Associates, Inc. v. Randall

¶1 Administrative time expended by a contractor is generally not a cost contemplated by the parties in a cost-plus construction contract. E.g., 17A Am. Jur. 2d Contracts § 495 (2004). Here, after a bench trial the court found that the owner agreed to pay the general *736contractor the actual costs of labor and materials, plus 10 percent for overhead and profit. It then determined that the president of the general contracting firm should have been paid for his administrative time supervising a contract because his time was an actual cost to the general contractor. This conclusion is not supported…